RIB Software (RIB) PT Set at €32.00 by Warburg Research

RIB Software (ETR:RIB) has been assigned a €32.00 ($38.10) price objective by equities researchers at Warburg Research in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Warburg Research’s price target points to a potential upside of 28.57% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on RIB. Berenberg Bank set a €17.00 ($20.24) target price on shares of RIB Software and gave the stock a “buy” rating in a report on Wednesday, August 23rd. UBS set a €15.10 ($17.98) target price on shares of RIB Software and gave the stock a “neutral” rating in a report on Friday, October 6th. Kepler Capital Markets set a €22.00 ($26.19) target price on shares of RIB Software and gave the stock a “buy” rating in a report on Thursday, October 12th. equinet set a €16.50 ($19.64) target price on shares of RIB Software and gave the stock a “buy” rating in a report on Monday, October 30th. Finally, Hauck & Aufhaeuser set a €21.50 ($25.60) target price on shares of RIB Software and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. RIB Software presently has an average rating of “Buy” and a consensus price target of €21.40 ($25.48).

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RIB Software (RIB) opened at €24.89 ($29.63) on Monday. RIB Software has a 52 week low of €11.40 ($13.57) and a 52 week high of €23.25 ($27.68).

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About RIB Software

RIB Software SE designs, develops, and sells software solutions for the construction industry worldwide. Its solutions include iTWO, a software eco-system that helps digitalize enterprises in the building and construction industries; RIBTEC, an integrated software that allows structural member design and CAD/FEM-applications at the same time for structural and soil engineering, as well as for tunnel and bridge constructions; and RIB STRATIS, a software solution for the design, quantity calculation, execution, invoicing, and inventory management in road building, civil engineering, and surveying sectors.